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The Francis company is expected to pay a dividend of D1= $1.5 per share at the end of the year and the dividends is expected

The Francis company is expected to pay a dividend of D1= $1.5 per share at the end of the year and the dividends is expected to grow at a constant rate of 4% per year in the future. The companies beta is 1.2 the market return is 7.5% and the risk-free rate is 5%. What is the companies current stock price

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